Reimbursement Bonds definition

Reimbursement Bonds means Bonds the proceeds of which are to be used for reimbursement of such capital or other qualifying expenditures paid before issuance of the Bonds.

Reimbursement Bonds means any issue of bonds all or part of the proceeds of which are to be used for reimbursement of capital expenditures paid before issuance of the bonds.

Reimbursement Bonds means the portion of the Bonds which are allocated to reimburse the Original Expenditures paid prior to the Closing Date and incurred in connection with a Project Segment.

Examples of Reimbursement Bonds in a sentence

• No advance from any fund or account or order for payment may be made for expenditures (other than expenditures excepted from such requirement under the Reimbursement Regulations) that are to be reimbursed subsequently from proceeds of Reimbursement Bonds unless a Declaration of Official Intent with respect thereto is made within the time required by the Reimbursement Regulations.

• The IRS allows bond proceeds to be used to reimburse expenditures made prior to the bond sale so long as the issuing agency makes a Declaration of Intent to Issue Reimbursement Bonds no later than 60 days after the expenditure.

• No ad- vance from any fund or account or order for payment may be made for expenditures (other than expendi- tures excepted from such requirement under the Reimbursement Regulations) that are to be reimbursed subsequently from proceeds of Reimbursement Bonds unless a Declaration of Official Intent with respect thereto is made within the time required by the Reimbursement Regulations.

• If the City is unable to issue the Reimbursement Bonds on those terms within three (3) years of the date hereof, the assessment per developable acre will increase to an amount sufficient to amortize the Bond Anticipation Loan over thirty (30) years at an annual interest rate of five percent (5%), in which case the City will not thereafter issue Reimbursement Bonds if the result would be to increase the annual Special Assessment levied against Assessed Property.

• The Borrower will certify that any reimbursement with proceeds of the Reimbursement Bonds will be made by the later of 18-months after the payment of the cost or after the Project is placed in service, but in any event, no later than three years after the date the original expenditure was paid (all within the meaning of Treasury Regulations Section 1.150-2).

More Definitions of Reimbursement Bonds

Reimbursement Bonds means Obligations that are issued to reimburse the Issuer for Capital Expenditures, and for certain other expenses permitted by the Reimbursement Regulations, previously paid by or for the Issuer.

Reimbursement Bonds means Obligations that are issued to reimburse the City for Capital Expenditures, and for certain other expenses permitted by the Reimbursement Regulations, previously paid by or for the City.

Reimbursement Bonds means Obligations that are issued to reimburse the Borrower for Capital Expenditures previously paid by or for the Borrower.

Reimbursement Bonds means Obligations that are issued to reimburse the Ohio Turnpike Commission for Capital Expenditures, and for certain other expenses permitted by the Reimbursement Regulations, previously paid by or for the Ohio Turnpike Commission.

Reimbursement Bonds means Bonds that are issued to reimburse the Commission or the Institutions for Capital Expenditures previously paid by or for the Commission or the Institutions.

Reimbursement Bonds means Obligations that are issued to reimburse the Board for Capital Expenditures, and for certain other expenses permitted by the Reimbursement Regulations, previously paid by or for the Board.

Reimbursement Bonds means Bonds the proceeds of which are to be used for reimbursement